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$369,000

For Sale - Active
1881 Stancel Dr, Clearwater, FL 33764
2 Beds
2 Baths
1,183 Square Feet
0.22 Acres Lot
Built in 1958
For Sale - Active
1 Units
Checked: 1 day ago
Updated: Jul 11, 2025 at 03:12AM

Investment Summary


Monthly Cash Flow
-$555
Cap Rate
4.3%
Cash-on-Cash Return
-7.8%
Debt Coverage Ratio
0.71
Internal Rate of Return (5 years)
-3.6%

Property Description


0.22 Acres Lot
Built in 1958
For Sale - Active
1 Units

Established Clearwater neighborhood and centrally located. Two spacious bedrooms and one and a half baths. This home features a newer kitchen and some bathroom updates as well. Luxury Vinyl Planks were installed two weeks ago throughout the living room. THREE YEAR OLD ROOF! POOL RETILED AND REMARCITED ONE YEAR AGO. Privacy fence around pool can be relocated around the boundaries of the yard to utilize entire back area. At this time it is just enclosing the pool area. Fabulous Clearwater location with easy access to north and south county as well as minutes away from all the local beaches.

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Location


Property Details


Parking

  • Description: Garage Door Opener, In Garage
  • Details: Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Slab
  • Roof Type: Gable
  • Roof Material: Shingle
  • Pool: Yes

HOA

  • Association: Bayside Property Management

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 242915221940000110
  • Lot Size: 9710 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1958

Tax Information

  • Annual Tax: $4,684

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Pinellas

Listing Details


Listed by:
Lynda Kelly
BAYSIDE PROPERTY MGMT. & REAL ESTATE SERVICES
(727) 940-5026

Source:
Stellar MLS
MLS#: TB8371541
Stellar MLS

Investment Summary


Monthly Cash Flow
-$555
Cap Rate
4.3%
Cash-on-Cash Return
-7.8%
Debt Coverage Ratio
0.71
Internal Rate of Return (5 years)
-3.6%

Purchase Details

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Purchase price:
$369,000
Amount financed:
-$295,200
Down payment:
$73,800
Closing costs:
$11,070
Rehab costs:
$0
Initial cash invested:
$84,870
Square feet:
1,183
Cost per square foot:
$312
Monthly rent per square foot:
$2.11

Financing Details

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Loan amount:
$295,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,890
Property tax:
$390
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,455

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (16%)
16%-$390-$4,684
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (41%)
41%-$1,015-$12,184

Cash Flow


Monthly Yearly
Net operating income:
$1,335 $16,020
Mortgage payments:
-$1,890 -$22,680
Cash flow:
$555 $6,660